Analysts Expect Roper Technologies, Inc. (ROP) to Post $2.60 EPS
Wall Street brokerages forecast that Roper Technologies, Inc. (NYSE:ROP) will post earnings of $2.60 per share for the current quarter, Zacks reports. Six analysts have made estimates for Roper Technologies’ earnings. The lowest EPS estimate is $2.58 and the highest is $2.62. Roper Technologies reported earnings of $1.86 per share in the same quarter last year, which indicates a positive year over year growth rate of 39.8%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Roper Technologies will report full-year earnings of $9.31 per share for the current financial year, with EPS estimates ranging from $9.28 to $9.33. For the next year, analysts forecast that the firm will report earnings of $10.09 per share, with EPS estimates ranging from $9.90 to $10.25. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Roper Technologies.
Roper Technologies (NYSE:ROP) last released its earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.30 by $0.06. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS.
A number of research firms recently issued reports on ROP. BidaskClub cut Roper Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Oppenheimer Holdings, Inc. boosted their price objective on Roper Technologies from $250.00 to $257.00 and gave the company an “outperform” rating in a report on Tuesday, August 1st. J P Morgan Chase & Co upgraded Roper Technologies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $223.00 to $275.00 in a report on Wednesday, September 20th. Canaccord Genuity restated a “hold” rating and set a $225.00 price objective on shares of Roper Technologies in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada boosted their price objective on Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $249.15.
In other Roper Technologies news, Director Wilbur J. Prezzano sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $235.80, for a total value of $471,600.00. Following the completion of the sale, the director now directly owns 22,000 shares in the company, valued at approximately $5,187,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher Wright sold 500 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $237.04, for a total value of $118,520.00. Following the completion of the sale, the director now owns 64,604 shares of the company’s stock, valued at $15,313,732.16. The disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock valued at $3,792,570 over the last quarter. Company insiders own 2.50% of the company’s stock.
Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Roper Technologies by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock worth $2,513,543,000 after buying an additional 354,064 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Roper Technologies by 3.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,944,790 shares of the industrial products company’s stock worth $450,277,000 after buying an additional 57,035 shares during the period. American Century Companies Inc. raised its position in shares of Roper Technologies by 0.8% in the 3rd quarter. American Century Companies Inc. now owns 1,292,795 shares of the industrial products company’s stock worth $314,666,000 after acquiring an additional 10,548 shares in the last quarter. Northern Trust Corp raised its position in shares of Roper Technologies by 0.5% in the 2nd quarter. Northern Trust Corp now owns 1,096,562 shares of the industrial products company’s stock worth $253,887,000 after acquiring an additional 5,279 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its position in shares of Roper Technologies by 5.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,002,174 shares of the industrial products company’s stock worth $232,033,000 after acquiring an additional 54,477 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.
Roper Technologies (ROP) traded down $0.15 on Friday, reaching $258.06. The company had a trading volume of 364,233 shares, compared to its average volume of 350,184. The company has a market cap of $26.24 billion, a PE ratio of 29.95 and a beta of 1.06.
The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Thursday, October 5th. Roper Technologies’s dividend payout ratio is 20.32%.
About Roper Technologies
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